Review Video: Offer in Compromise Tax Settlement Gives Superior Tax Relief

Besides paying interest and penalties on back taxes, delinquent taxpayers can face criminal prosecution by the IRS. But, Review Video backs Offer in Compromise tax settlement as a top solution for overdue tax debt.
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San Diego - California - US

Nov. 7, 2010 - PRLog -- SAN DIEGO, CA, November 07, 2010 -- Taxpayers delinquent on back taxes and payroll taxes are being targeted by the Internal Revenue Service.  Violators incurring the wrath of the world’s largest collection agency may suffer severe legal ramifications.  Offering aid, review video of Offer in Compromise tax relief benefit supports the tax settlement solution as a savior.  

Recognized as The Debt Relief Specialist, ( has issued a video with an important message for people keeping back taxes under the rug.  The warning: to take immediate action.  If the IRS discovers a taxpayer has unpaid income taxes, the punishment can result in more than interest and penalty charges.  It can also include criminal prosecution…

In October 22, David Lawrence Larsen, of Kalona, Iowa pleaded guilty to the willful failure to file an income tax return since 1996. The property developer also deliberately failed to file a 2006 income tax return on roughly $275,000 of business income.  Larsen, who is facing sentencing, may get the maximum penalty for the willful failure to file an income tax return of up to 1 year in prison, a fine not to exceed $100,000, or both.  

Also in October, Paul J. Loch, an Exeter, New Hampshire chiropractor was sentenced to 24 months in prison.  He was also ordered to pay $240,000 in restitution to the IRS for evading payment of his 1996 and 1997 individual income taxes.

Dealing with the IRS on a delinquent income tax return can lead to a nasty wage garnishment or as shown in video below, an embarrassing property seizure.  But, Eric Santacruz, Vice President of Debt claims that people can successfully settle severely overdue income taxes with the IRS.  

A top recommended solution is an Offer in Compromise tax settlement.  

“A great tax settlement option is the IRS offers an Offer in Compromise program, which helps people in a financial hardship to settle tax debt for pennies on the dollar”, attests, Santacruz.

The debt relief executive recommends the Offer in Compromise program as a practical method to get back in compliance to file and pay IRS income taxes.  People that qualify for the program can also:

•   Settle IRS tax debt for much less than owed
•   Reduce IRS penalties
•   Release an IRS tax lien
•   Stop an IRS levy & seizure
•   End an IRS wage garnishment
•   Get help with an IRS audit
•   Settle payroll taxes


(To learn more about the tax relief procedure, click here:

Note: Getting the IRS to approve an Offer in Compromise tax settlement isn’t a walk in the park.  There are rigorous IRS requirements.  For one, the taxpayer must be unable to pay the full tax liability.  

Due to its complexities, professional assistance from a tax resolution specialist is also highly recommended.

The tax resolution specialist should know the tax codes and the proper steps to effectively process tax issues like the preparation of an Offer in Compromise tax settlement, tax payment plan, and tax penalty abatement.

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About Debt Free Known as The Debt Relief Specialist, the company provides a free debt evaluation and price comparison on various debt relief options, including debt settlement, tax debt reduction, debt consolidation, and bankruptcy. Their debt relief hotline at 1-800-213-9968 gives tax relief recommendations and facilitates placement in a tax resolution program for settling back taxes and resolving issues with unfiled IRS tax returns. Bilingual assistance is provided via their subsidiary, Libre de Deudas (
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